Lefferts has officially broken ground on PALMA Miami Beach Residences, marking a significant step in the developer’s ambitious three-project investment in Miami Beach’s North Beach (NoBe) district. This new development joins the recently completed 72 Park condominium tower and the upcoming 72 Carlyle, further enhancing the evolving landscape of the vibrant neighborhood.
Key Takeaways
- PALMA Miami Beach Residences is the second phase of Lefferts’ three-part development plan in NoBe.
- The project features 126 residential units, ground-floor retail space, and extensive amenities.
- Over half of the residences at PALMA have already been sold, indicating strong market demand.
PALMA Miami Beach Residences Details
The PALMA development will comprise 126 residential units spread across 14 stories. Complementing the residences, the project will include 8,500 square feet of ground-floor retail space, designed to invigorate the local streetscape. Residents will also benefit from 10,000 square feet dedicated to amenities, including a sophisticated pool deck and an outdoor kitchen area, catering to a lifestyle-focused living experience.
Shaping North Beach’s Future
Mendy Chudaitov, founder of Lefferts, expressed pride in contributing to North Beach’s growth. "We’re proud to help shape North Beach’s next chapter of growth," Chudaitov stated. "Years ago, we recognized this potential and worked closely with the City of Miami Beach to establish a framework for thoughtful, future-focused development. PALMA continues that vision, delivering lifestyle-driven homes that honor the character of this vibrant neighborhood while supporting its ongoing transformation."
A Strategic Three-Project Vision
PALMA is the second component of Lefferts’ strategic three-project initiative in the NoBe area. The first project, 72 Park, is a 22-story, 206-unit condominium tower that has already been completed. The third project, 72 Carlyle, is slated to feature 134 units across 19 stories. This coordinated development approach aims to thoughtfully integrate new residential and commercial spaces into the fabric of North Beach.
Strong Market Reception
The early success of PALMA is evident, with over 50% of the residences already sold. This strong sales performance underscores the market’s positive reception to Lefferts’ vision for modern, lifestyle-oriented living in a desirable Miami Beach location.